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  • Housing market picking up in UK Housing market picking up in UK

    LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...

  • Work starts on creation of new Dubai island Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Questions raised over valuation dropping Guptas property price in S. Africa

    An objection has been lodged over an error on the 2013 property valuation of a property owned by the well-connected Indian family in Johannesburg. Spokesperson Kgamanyane Maphologela said the City objected to valuations on four out of 14 properties belonging to the Gupta family. According to news 24, Maphologela was responding to a report in the Saturday Star that one of the properties' value ...

  • US immigration reform bill clears key Senate hurdle

    A bipartisan immigration reform bill cleared a key hurdle after its authors negotiated a compromise with a Republican senator to relax some restrictions on high-tech companies on hiring foreign techies, many of whom come from India. Members of the Democratic-controlled panel Senate Judiciary Committee approved the measure 13-5 with three Republicans joining 10 Democrats after the so-called ...

  • Property Drives Wealth of China’s Rich Women

    Real estate in China is the main source of wealth for China's wealthiest women, a sign that the sector remains one with huge growth potential even as it contends with cooling measures, shows a survey by research firm Wealth-X released Wednesday. Total wealth attributed to real estate accounts for more than 60 percent of the combined net worth of the 15 wealthiest women in China, which is ...


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Movie Review

Boudu Saved From Drowning (Boudu sauvé des eaux) [DVD]

Boudu Saved From Drowning (Boudu sauvé des eaux) [DVD]

Boudu Saved From Drowning (Boudu sauv des eaux) was a perfectly respectable minor play about a middle-class family who redeems a homeless tramp by teaching him bourgeois civility that Jean Renoir turned into a wonderfully disreputable film about a middle-class ... ...

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  • Toll Brothers Reports FY 2013 2nd Qtr and 6 Month Results

    www.tollbrothers.com ), the nation's leading builder of luxury homes, today announced results for its second quarter and six months ended April 30, ...

  • LT net profit lags forecast as interest costs jump

    Net profit fell to 17.88 billion rupees for its fiscal fourth quarter ending March, from 19.2 billion rupees it reported a year earlier, said the company, whose interests span shipbuilding to railways to real estate. Analysts expected the company to report a net profit of 18.56 billion rupees, according ...

  • What does it take for a family of four to get by

    Americans think that a family of four would need to bring in a minimum of $58,000 a year, on average, just to get by in their community, a new Gallup survey finds. That's more than double the 2012 poverty threshold for a family of four, which was around $24,000 a year, according to the latest data from the U.S. Census Bureau. The results are not far off from what Americans told Gallup when ...

  • Asia-Pacific real estate investment trusts gain 18 in first four months of year

    Property trusts across the Asia-Pacific have performed impressively in recent months, led by a surge in the value of Japanese real estate investment trusts (Reits). Reits in Japan gained 29.8 per cent in the first four months of this year, pulling up the region to an overall gain of 18.1 per cent in the same period. Singapore Reits were the next best performers, with a 14.7 per cent gain in ...

  • China Property Digest Home prices keep rising despite new curbs

    BEIJING | Wed May 22, 2013 4:19am EDT BEIJING May 22 (Reuters) - China's home prices are still on the rise despite stricter measures by the central government and major cities in the past few weeks to calm frothy real estate market. The rise fuelled expectations that China could adopt further cooling steps, particularly the widening out of property tax on home owners. Property ...

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